Business
Re Contract - Replacement
Re Contract - Replacement.
About this update from Arcontech Group Plc
[{"type":"text","content":"\n Knowledge Technology Solutions PLC\n17 January 2008\n\nThis announcement replaces the announcement made on 16 January 2008 \n(RNS Number: 8586L) and contains changes in the first and last paragraph.\n\n\n\n BORSE BERLIN EQUIDUCT TRADING SELECTS KTS FOR\n MARKET DATA WEB PORTAL\n\nKTS Plc, a leading provider of real-time market data solutions, today announces\nthat it has been selected to develop and provide ongoing hosting for the Web\nPortal giving online access to real-time market data to be produced by Borse\nBerlin Equiduct Trading at the launch of its new pan-European trading platform\nETS. The system will be accessible via the Borse Berlin Equiduct Trading website\nfrom April 2008 enabling users to view the Equiduct VBBO (Virtual Best Bid/\nOffer). Pre and post trade data from its Hybrid and PartnerEx market segments\nwill come online in mid 2008.\n\n'We have chosen an established market data vendor for this project to avoid\n'reinventing the wheel' and to enable us to concentrate on providing the best\nquality exchange services for our participants. We have found a partner who will\nbe responsive to our evolving needs and one with whom we can work together to\nenhance and build a truly beneficial source of data for our clients.' says Rob\nBrouwer, Chief Information Officer, Equiduct Systems.\n\nAndrew Miller, CEO of KTS, comments: 'The financial markets are evolving rapidly\nto include many non-traditional execution venues. KTS supports the innovation of\nfirms like Borse Berlin Equiduct Trading by providing tailored solutions for the\nconsolidation and display of market data along with a managed hosting service.'\n\n'Borse Berlin Equiduct Trading will be an important venue resulting from the\nregulatory changes introduced by MiFID. Our selection is evidence of our strong\npositioning and ability to address these and other large scale opportunities. As\nthe first commercial project to use both Arcontech's low-latency middleware and\nKTS's proven flexible, browser delivered display technology, it represents an\nendorsement of our strategy to combine these two businesses. We are delighted to\nbe part of this venture.' adds Miller.\n\nArtur Fischer, Joint Chief Executive Officer, Borse Berlin adds 'We believe that\nthe Equiduct VBBO will become the European benchmark price as part of each\ninvestment firm's equity best ex...